Electrosteel Castings Limited has released its investor presentation discussing the financial results for Q3 and the nine months (9M) of fiscal year 2026. The presentation covers the company’s performance, strategic initiatives, and future outlook, emphasizing its role in water infrastructure and manufacturing.
Company Overview
Electrosteel Castings Limited is a leading company in the water infrastructure sector, known for ductile iron pipes, fittings, and valves. The company is a major supplier in India, also exporting to over 130 countries.
Acquisition
Electrosteel has acquired T.I.S. Service S.p.A, an Italy-based company specializing in valve manufacturing. This acquisition expands Electrosteel’s product offerings and market presence, and it also creates co-branding and operational synergies.
Water Infrastructure Demand Drivers
The water infrastructure sector is growing due to urbanization, government initiatives like Jal Jeevan Mission and AMRUT 2.0, and interlinking of rivers projects.
Financial Performance
Key financial highlights include:
- Revenue: INR 7,443 Cr
- EBITDA & Margin: INR 1,159 Cr / 15.6%
- PAT & Margin: INR 710 Cr / 9.5%
The company’s credit ratings are India Ratings AA (Stable) and Crisil AA (Negative).
Volume and Profitability Trends
Recent trends include growing sales volumes, robust cash flow, and declining term debt.
Key Projects
Electrosteel is involved in key projects for clients such as ISRO, Boeing Corporation, and the Doha Metro.
Financial Highlights (Consolidated)
Consolidated financial highlights for Q3FY26 include:
- Total Income: ₹1,526 Crores
- EBITDA: ₹88 Crores
Notable point: Total Income was impacted by the temporary slowdown of JJM funding.
Standalone Financials
Standalone financial highlights for Q3FY26 include:
- Total Income: ₹1,290 Crores
- EBITDA: ₹83 Crores
Source: BSE
